New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-14
The bank exchanges at the NewYork Clearing House
and the stock sold at the NewYork Stock Exchange Tor
tho abe I, SnIln


The bank exchanges at the New-York Clearing House
and the stock sold at the NewYork stock Exchange for
the weeks Of three years compare as follows:
%s:: i$ ~ FL
the conditions and probabilities Of the local mar.
ket further than that the gain Of In values
OF the articles IN as5 em by
TO measure the probabilities OF gold exports afns .o
coming month since February the strikes nave s sT mor
OF New-York. but at other ports the move
ments particularly OF cotton. have been on large
scale and In the for the corresponding
time last year During those two weeks the imports OF
merchandlse at this port have been only ~ sss
The receipts OF money from the West and Southwest ur
@ I the a most s s
with the bangs large reserve there seems no reason 70
rs OF the money market fhs export Of
gold last week was an exceptional movement anu mace
per cent per below the specie shipping point Money
ruled easy on call Mt ~ cent: the extreme range
4a49 per according 10 the length Of time and tho
rate for commercial paper was redncedto a3 per cent
outlook favorable prospects has done at
preceding period unquestonaoly true that the
ppred Sy the connne uncertainties OF the labor situa
ton Movements both To the nteiorand for export were
diminished by the uncertainty OF successful shpmens
and this probably 1t last week. will be reflected
IN the Custom House next Tuesday exports
for the week Breadstus depressed both Dy these
conditions and by the continued large receipts but at the
close the export demand at this point became more &C
tive The cotton speculation In futures was varied ana
active while spot" ruled about steady all the week The
exports tor the week from all the ports were ll3soS
bales against 1O4 900 bales for the corresponding week
last year. The iron and steel industries hold the sape
marked position OF improvement which they have pre-
business, which is only natural following the placing
of %n,cb sS d d for m, fsre for neay
the whole year. 1t certain that the production OF
iron and OF Bessemer steel and OF steel rails In the year
1897 will be than the production OF preceding
and that there little or the capacity wnic
not already under contract The dry goods trade so MIN
stocks light that the tendency Of prices Is toward an al
At the stock Exchange confident tone was de-
veoped than has been witnessed since early In last De-
cember While there no boom nor excitement there
was a spontaney In the movements which marked tne
wide difference existing between natural and manlpu-
lated speculation. With quiet dealings prices
to to- "H''' higher figure. followed by another
partial reaction and the movements were from tho
ing iii the close Friday. there was added
to the natural sales for realizing profits stubborn az
tack upon values which made the fluctuations OF h9se
two days exceptional 20 the general movements OF te
week Yesterday Thursdays best figures were no, IN
active stocks show final gains for the week OF from to
per cent Some show only fractional gains. ana Few
above per cent NewYork Lake Erie and western
preferred Central OF susquehanna
and Western preferred. Oregon Railway and Navlgaton
and Pacific Mail The reason not for the change IN sen
ment but for the greater confidence exhibited on one
side OF the account and the growing tmidty upon tns
other side OF the account is found in the dsp aceent OF
theories The condition OF the foreign markets
respecting American securities are now so wen under
stood that IL Is questionable II the probabilities OF Euro
pean would have the effect which the POSSIBLE
ties OF II two weeks did have. The utter collapse OF
the strikes Is certainty instead or proDaDilty
The Interstate Commerce bill not only Is law, but rail-
road officials upon study and reflection are accepting IL
with remarkable kindness Our exports show large IN
values, and imports only little greater
than they year Merchants are contened ana
happy with the business which they are doing and the as
surcd prospects for the whole spriuG season. progress
has been made in the reconstruction OF bankrupt RAN
roads which the most dangerous or competitors Inc
Reading scheme has far advanced AS TO
render certain. and the scheme promulgated
last week for the reconstruction OF the Nickel Plate
Company il meeting with prompt accept
ance by the parties in interest But
this not all the returns % railroad earnings for Jan
uary are surprisingly favorable TO those who had
casually watched the weekly report. Ninety rail-
roads with mileage I'm January. 1856 OF 1852 miles,
earned gross 81 81 O2O. The railroads with a
mileage of ~ miles January 1887, earned gross
Slg 90 gO5 an increase In mileage of 2.j37 miles. or
hardly , per cent, and increase III earnings or
50 SIS $50. or II per cent And the earnings Tor
the r-t week In February. far they are reported.
have made returns propor nately favorable TO those OF
the month Of January While II Il true that the market
is still dull and largely professional. tine argument as To
an nd decline j. likely tn be deermined by the
decsion In the OF facts versus theories.
snhoned usual table giving the highest, lowest
prices number Of shares sold for the week,
with the final prices OF week OF hfy-one
representative stocks, prenxed By the prices or
February -, 1886:
RANGE